Iraq strengthens its reserves of gold and revealed its quantity

 

Release date: 2019/2/19 10:47 
{International: Euphrates News} World Gold Council data revealed that Iraq Iraq has strengthened its reserve of gold.
The World Gold Council’s latest report showed that central banks around the world bought around 651.5 tonnes of gold in 2018, noting that Russia and Turkey had raised their reserves at the expense of the dollar. 
Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons. 
He pointed out that the reserves of Iraq reached the end of the third quarter of 2018 about 96.3 tons, which allowed him to progress on Arab economies rich in precious metal reserves. 
The geopolitical and trade tensions coupled with Washington’s sanctions policy have shaken confidence in the US dollar in recent years, prompting a number of global central banks to increase their purchases of gold.

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Iraq and the European Union sign an agreement to implement projects worth 41.5 million euros in Basra and Nineveh

 

 Emaar Construction

Economy News Baghdad:

The Ministry of Planning signed an agreement with the European Union (EU) to implement economic projects worth 41.5 million euros.

“Today we signed an agreement with the Ministry of Planning for an amount of 41.5 million euros to activate the work and implement a number of projects in the province of Basra and the rest of the other Iraqi cities,” said the European Union ambassador to Iraq, Ramón Belkwa, in a press conference with the Minister of Planning Nuri Sabah al-Dulaimi in Baghdad.

“The agreement is a continuation of the agreement signed last December by the European Union’s commitment to Iraq through the provision of employment opportunities and the implementation of economic and service projects. It also confirms the commitment of the Union to its commitments at the Kuwait conference,” he said. The economic interface of Iraq and therefore the development of something important for Iraq. “

For his part, said Minister of Planning Nuri al-Dulaimi that “Basra suffers from many challenges and need projects to promote them,” stressing that “the ministry will support this province and stand on its needs and go to them to complete these projects.”

“The European Commission and the Government of Iraq today signed a € 41.5 million financing agreement to support socio-economic development by creating jobs and generating income in war-affected areas of Iraq , ” the European Commission said in a statement. And the financial crisis. “

“Under this agreement, the EU will promote measures to support urban development in Mosul, Basra and rural areas of Ninewa governorate, allowing vulnerable young people, women and returnees to create income opportunities and provide services in response to their needs. This program will be developed within three Ingredients”.

“The first component will focus on urban areas and will seek to provide jobs or access to income through the reconstruction of buildings of historical cultural significance and economic revitalization of the old cities of Mosul and Basra. This project will be implemented by the United Nations Educational, Scientific and Cultural Organization (UNESCO) Mosul neighborhoods “.

“The second component will focus on the rural areas of Nineveh under the auspices of the Food and Agriculture Organization (FAO), which will support the re-energization of rural economic activities to allow sustainable return and reintegration of returnees into their communities of origin by increasing income opportunities and improving service delivery.”

“The third component will support entrepreneurship for young people by providing technical and financial support and services, making it easier for young people to launch their entrepreneurial projects.”

“The agreement reinforces the 72.5 million euro development aid package launched last December, which shows the EU’s significant support for development efforts in Iraq,” she said.

“The European Union in this agreement signed today continues to fulfill its commitment to support the Iraqi government in the reconstruction and revitalization of the country’s economy,” said EU Ambassador to Iraq Ramon Blakeau.

http://economy-news.net/content.php?id=15448

America reveals the number of its troops in Iraq and declares readiness to be counted in one case

Editorial date: 2019/2/19 15:52

(Baghdad: Al Furat News) A US diplomat confirmed that the Iraqi forces are not ready to maintain security, stressing that Washington will withdraw its troops from Iraq if Baghdad requested it.

“The US forces in Iraq are at the invitation of the Iraqi government,” US Charge d’Affaires Joe Hood told reporters in Baghdad Tuesday. “These forces, the international coalition and NATO will leave Iraq if the Iraqi government asks.”

“The Iraqi security forces are not ready to maintain security until now with the help of foreign forces,” he said. “We are not saying that but senior commanders.”

He explained that “the rate of presence of troops is 5,200 troops per week,” pointing out that “this number is changing weekly rather than a fixed number, and they are with the Iraqi forces.”

Houd denied the existence of US bases in Iraq, stressing that there are American trainers and advisers in Iraq. is over

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Customs warns importers of dangerous action

Editorial date:: 2019/2/19 15:49

(Baghdad: Al Furat News) The Customs Authority on Tuesday demanded all importers to expedite the clearance of their goods.

The customs said in a statement that “Iraqi and foreign companies and importers to complete the customs transactions of their imported goods through southern ports and land border crossings and air cargo terminals through international airports as soon as possible and the adoption of customs clearance companies officially licensed by the Director General to clear their goods exclusively.

“As of February 20, all containers of goods whose owners are late to be declared as smuggling will be considered according to the provisions of Article 192 / First of the Customs Law and will be regulated by fundamental records to be submitted to the competent investigating judge to act under the laws in force” .

The Commission expressed its hope of all importers to follow up earnestly to clear their goods from the customs estate without exceeding the legal time limit and to miss the opportunity of the weak souls who are trying to obstruct the implementation of government decisions aimed at regulating trade and combating the phenomenon of corruption at the border crossing points. In granting approvals and simplifying procedures for the import or export of goods to ensure smooth trade exchange with neighboring countries and the world. ”

The customs departments shall operate in the customs and customs boundaries and may exercise their powers throughout the territory, the territorial sea and inland waters, including lakes, rivers, marshes and marshes in accordance with the provisions of this law.

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Iraq strengthens its reserves of gold to 96 tons

Market

Economy News _ Baghdad

World Gold Council data revealed that Iraq’s reserves of gold amounted to about 96.3 tons at the end of the third quarter of 2018. This allowed him to progress on Arab economies rich in precious metal reserves.
The geopolitical and trade tensions along with Washington’s sanctions policy have shaken confidence in the US dollar in recent years, prompting a number of global central banks to increase their purchases of gold.
The World Gold Council’s latest report showed that central banks around the world bought around 651.5 tonnes of gold in 2018, noting that Russia and Turkey had raised their reserves at the expense of the dollar.
Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons.
Iraq ranked 37th in the world and the fourth in the Arab countries in terms of gold reserves, and thus the rich Gulf economies such as Kuwait (79 tons), Qatar (31.3 tons) and the UAE (7.5 tons).
The reserves of gold are part of the total reserves owned by a country, for Iraq reserves constitute 6.7% of the total reserves, which amounted to the end of September, 58.451 billion dollars, according to the report of the Council.

http://economy-news.net/content.php?id=15437

US Embassy in Baghdad: We will not use Iraqi airspace to strike Iran

03:20 – 19/02/2019

BAGHDAD (

Reuters) – US forces will not use Iraqi airspace or territory to attack anywhere or any country, the US embassy in Baghdad said Tuesday, adding that US President Donald Trump does not want to hit Iran.

“The US forces will not use the airspace or the Iraqi territory to attack any place or any country,” said US Charge d’Affaires Joe Hood in an interview with a number of media including Mawazin News. “Trump does not propose any changes or amendments to the strategic agreement between Iraq And America. ”

“Trump’s earlier statements were that he did not want US troops to fight in wars that we needed and did not want war with Iran at all,” he said.

https://www.mawazin.net/Details.aspx?jimare=34887

The increase in the import tax of cars in Iraq

Editorial date: 2019/2/19 14:12

(Baghdad: Al Furat News) The import taxes of cars increased after the unification of customs tariffs in Iraq by 15%.

“Following the unification of the customs tariff, there has been a 30 percent change in the collection of taxes on goods and goods,” said Syroan Hussein, head of media and relations at the Haj Omran international crossing between Iraq and Turkey.

“There are no significant changes in tax collection, but the changes included some goods,” Hussein said.

According to the information received from the customs of Haj Omran crossing, the collection of taxes on high-priced cars such as Land Cruiser and Mercedes increased by 15%.

For his part, said Majid Jalal, a member of the Chamber of Commerce and Industry in Erbil in a press statement, “Unification of customs tariffs in Iraq and the Kurdistan region will not have a direct impact on the movement of the market and the level of import and export in the region.”

“Even if there is an impact in the future, it will not be significant, leading to a rise or fall in the price of goods and commodities, and this will be clarified in the future.

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